Treasurys are getting crushed

The US Treasury complex has come under pressure after the strong durable goods report for October pointed to the prospects of a strengthening US economy. Data released by the Commerce Department showed orders for goods built to last surged 4.8% compared to a month ago.

Moderate selling is having the biggest impact on the belly of the curve where yields are higher by almost 8 basis points. Here's a look at the scoreboard as of 9:16 a.m. ET:

2-year +3.8 bps at 1.125%

3-year +5.2 bps at 1.398%

5-year +6.9 bps at 1.839%

7-year +7.7 bps at 2.192%

10-year +7.2 bps at 2.384%

30-year +6.3 bps at 3.062%

Up front, the 2-year yield has crossed the 1.10% threshold, and is at its highest level since April 2010. Additionally, yields at the long end of the curve are at their highest levels since mid-to-late 2015.

Wednesday's selling has swung the yield curve steeper with the 2-10-year spread wider at 126 bps. The spread would have to climb above 129 bps to top the November 18 high.